Pfeffer says social mobility in US tied to parental wealth

In his recent study, Fabian Pfeffer finds that parental wealth is a dominant factor in sustaining or raising one's social status in the US. He says that the idea of exceptional social mobility in America is largely a myth. "Especially in the United States, people underestimate the extent to which your destiny is linked to your background," Pfeffer says. Read a report of his findings.